Green technology company Leaf Resources (ASX:LER), which has a joint venture with the US-based Claeris to develop a commercial bio-refinery, has climbed on eight out of ten trading days in 2021.

Each Monday, Stockhead recaps the ASX stocks that are running hot with investors.

The analysis is based on the Relative Strength Index (RSI), a technical gauge which measures how trading momentum is affecting the price action.

A reading of 70 is seen as the level at which a company may have been overbought. If a stock has a reading of 30 or below, it could be undervalued.

Click here for a more detailed rundown of what the RSI does and how it’s used.

While there’s usually a pretty good reason if a given stock is running hot (or cold), investors are also on the lookout for opportunities where the price action has separated from fundamentals.

Running Hot

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, January 15:

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price RSI Market Cap
LER Leaf Resources 0.065 91 $ 55,978,355
BNZ Benzmining 1.43 90 $ 21,800,108
SKS SKS Tech Group Ltd 0.2 89 $ 19,983,341
AVZ AVZ Minerals Ltd 0.205 87 $ 634,516,339
BDG Black Dragon Gold 0.099 87 $ 13,435,361
AER Aeeris Ltd 0.125 87 $ 7,496,732
GGX Gas2Grid Limited 0.004 83 $ 5,343,988
COB Cobalt Blue Ltd 0.375 79 $ 80,263,210
CAE Cannindah Resources 0.025 79 $ 7,161,116
SOV Sovereign Cloud Hldg 0.865 79 $ 44,874,118
BMN Bannerman Resources 0.16 77 $ 161,227,809
SLX Silex Systems 1.64 75 $ 266,061,702
RCR Rincon 0.325 75 $ 11,896,547
PRM Prominence Energy NL 0.009 73 $ 4,415,149
IMS Impelus Ltd 0.65 72 $ 5,221,750
ZEO Zeotech Limited 0.083 71 $ 114,644,095
NMT Neometals Ltd 0.35 70 $ 171,785,649
OMH OM Holdings Limited 0.75 70 $ 539,195,036
RXH Rewardle Holding Ltd 0.008 70 $ 4,736,893
NES Nelson Resources. 0.086 70 $ 10,102,588
NCL Netccentric Ltd 0.06 70 $ 15,750,000
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The Stockhead data team counted up a total of 21 stocks this week with a 14-day RSI above 70.

Topping the list was green technology company Leaf Resources (ASX:LER), which operates a processing system for the conversion of biomass.

The company has a joint venture with the US-based Claeris to develop a commercial bio-refinery in the southern Malaysian state of Johor.

LER re-listed on the ASX in December and has had no news in the new year, although so far in 2021 the stock has climbed on eight out of ten trading days.

Running Cold

Here’s a summary of the stocks that were running hot for the two weeks ended Friday, January 15:

Scroll or swipe to reveal table. Click headings to sort.

Code Company Price RSI Market Cap
SAN Sagalio Energy Ltd 0.03 16 $ 6,753,784.29
NUC Nuchev Limited 1.28 23 $ 48,657,600.00
CAP Carpentaria Resource 0.054 16 $ 16,074,891.72
IXR Ionic Rare Earths 0.027 24 $ 71,749,587.36
DVN Devine Limited 0.13 29 $ 20,634,972.28
GES Genesis Resources 0.013 18 $ 10,176,936.82
MEM Memphasys Ltd 0.105 28 $ 79,251,257.40
AND Ansarada Group Ltd 1.25 18 $ 103,965,413.12
SEG Sports Ent Grp Ltd 0.2 18 $ 46,220,211.20
MTB Mount Burgess Mining 0.008 22 $ 5,281,190.39
GIB Gibb River Diamonds 0.083 27 $ 17,555,283.94
CUE CUE Energy Resource 0.084 26 $ 53,057,098.72
OVT Ovato Limited 0.008 26 $ 69,862,498.02
MSB Mesoblast Limited 2.46 30 $ 1,480,718,685.60
AQC Auspaccoal Ltd 0.14 28 $ 8,077,569.60
ESR Estrella Res Ltd 0.08 29 $ 70,161,954.80
NET Netlinkz Limited 0.05 22 $ 124,407,429.20
AHF Aust Dairy Group 0.064 29 $ 27,341,401.98
MPH Mediland Pharm 0.056 16 $ 17,514,762.16
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